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Madison Consulting Group
Madison Consulting Group
Madison Consulting Group New York
WILL YOU BE READY when the regulators come to examine your anti-money laundering practices?

Madison Consulting Group | New York Customer due diligence and documentation
Madison Consulting Group | New York Ongoing tracking and updating of customer information
Madison Consulting Group | New York Risk scoring process to stratify your client base
Madison Consulting Group | New York Systematic process to identify suspicious transaction activities
Madison Consulting Group | New York Process to identify transaction activities requiring further review
Madison Consulting Group | New York Policies and procedures that reflect your activities and processes

AMLSS is a comprehensive end-to-end scorecard assessment of your AML program. The assessment is performed over a two to four week period, depending on the size and scope of your bank. The assessment results along with broad recommendations and next steps will be presented to the bank executive management team. Subsequent practical implementation assistance can be offered as a follow up to AMLSS and will be discussed with you as part of the next steps.

The following is a sampling of areas included in AMLSS:


Madison Consulting Group | New York Review institution-wide AML compliance program

  • AML policies, procedures and training
  • Client on-boarding and updating process and data collection requirements
  • Client vetting and acceptance processes
  • Identification of money laundering risk factors and overall risk rating methodology
  • Documentation management
  • Account and transaction monitoring program
  • Account monitoring exceptions research, reporting, and escalation processes
  • SAR filing process
  • Compliance with OFAC, FinCEN, Bank Secrecy Act, and Patriot Act requirements
Madison Consulting Group | New York Evaluate alignment of processes with regulatory requirements, industry standards, and documented procedures

Madison Consulting Group | New York Assess effectiveness of implemented compliance-related technology

  • Client data collection and document management
  • Client risk rating tools
  • Automated account monitoring/surveillance system
  • Case management tools for exceptions management
  • Compliance related management reporting capabilities
  • Integration of client, account, and transaction data across systems
Madison Consulting Group | New York Evaluate data quality and consistency
Madison Consulting Group New York